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even in the debt ceiling debate or the fiscal cliff negotiations that neither side will give and they're both being unreasonable. and really not drilling down. the other thing they do is they really go back to newt gingrich and grover norquist. as you've talked about both these things, changing the culture of washington and making compromise impossible. >> here's something really naughty, i think in terms of policy. who can forget back in august not a million years ago when the romney pollster neil newhouse said the following. we're not going to let our campaign be dictated by fact checkers. think about that. fact checkers meaning facts. >> right. >> i was on the show with you the other night. we talked about the quotes of the year. 47%. >> that's a good one. >> i thought this should be the top two of three. that showed their view towards reality. it was an arrogance that we can say whatever we want to say. and i think in years past, this is what's changed. campaigns would not be so brazen. if caught in a lie they maybe feel some shame. here's neil newhouse telling reporters that we don'
even in the debt ceiling debate or the fiscal cliff negotiations that neither side will give and they're both being unreasonable. and really not drilling down. the other thing they do is they really go back to newt gingrich and grover norquist. as you've talked about both these things, changing the culture of washington and making compromise impossible. >> here's something really naughty, i think in terms of policy. who can forget back in august not a million years ago when the romney...
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the president launched his public appeal on fiscal cliff negotiations and included a meeting with a family in arlington, virginia. >>> also tomorrow, the manassas city council will vote on whether to demonthly lish a 100-year-old house on prescott avenue. they say they've worked with the owner for years to bring the house up to code. the property owner is in her 80s and she says she hopes the house is not torn down. >>> rolling stone, paul mccartney and others will host a benefit concert for those affected by hurricane sandy. the concert is completely sold out and all the money will benefit the robin hood foundation. >>> of course, a big game in the day ahead. the redskins and the ravens face off in the battle of the beltways with a win today. the burgundy and gold could be tied atop the nfc east. kickoff is at 1:00. we'll have all the highlights on "news 4 at 6:00 and 11:00 and expect twitter to be abuzz. >> on fire. >> ravens are mad after they got beat by the steelers last week so they're going to be fighting mad for this one. >> we'll see about that. got a lot of bets on the line, all
the president launched his public appeal on fiscal cliff negotiations and included a meeting with a family in arlington, virginia. >>> also tomorrow, the manassas city council will vote on whether to demonthly lish a 100-year-old house on prescott avenue. they say they've worked with the owner for years to bring the house up to code. the property owner is in her 80s and she says she hopes the house is not torn down. >>> rolling stone, paul mccartney and others will host a...
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Dec 5, 2012
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but i'm guessing with the way the fiscal cliff negotiations are going the estimated $852 quadrillion dollars of funding needed for one alone just isn't in the cards. dog gone it. i'm going to sign up tonight. >>> can both parties reach an agreement ones fiscal cliff? 40% of you say yes, 60% say no. >>> coming up, this could be one of the dumbest votes the republicans have ever cast in the history of the senate. we'll talk about the big win and the emotional reaction from moderates. that's next. what's next? he's going to apply testosterone to his underarm. axiron, the only underarm treatment for low t, can restore testosterone levels back to normal in most men. axiron is not for use in women or anyone younger than 18. axiron can transfer to others through direct contact. women, especially those who are or who may become pregnant, and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acne in women may occur. report these signs and symptoms to your doctor if they occur. tell your doctor about all medica
but i'm guessing with the way the fiscal cliff negotiations are going the estimated $852 quadrillion dollars of funding needed for one alone just isn't in the cards. dog gone it. i'm going to sign up tonight. >>> can both parties reach an agreement ones fiscal cliff? 40% of you say yes, 60% say no. >>> coming up, this could be one of the dumbest votes the republicans have ever cast in the history of the senate. we'll talk about the big win and the emotional reaction from...
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but i'm guessing with the way the fiscal cliff negotiations are going, the estimated $852 quadrillion dollars of funding needed for one steel alone just isn't in the cards. doggone it. i'm going to sign up tonight. >>> can both parties reach an agreement ones fiscal cliff? 40% of you say yes, 60% say no. >>> coming up, this could be one of the dumbest votes the republicans have ever cast in the history of the senate. we'll talk about the big win and the emotional reaction from moderates. that's next. suddenly, she does something unexpected and you see the woman you fell in love with. she's everything to you. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take cialis
but i'm guessing with the way the fiscal cliff negotiations are going, the estimated $852 quadrillion dollars of funding needed for one steel alone just isn't in the cards. doggone it. i'm going to sign up tonight. >>> can both parties reach an agreement ones fiscal cliff? 40% of you say yes, 60% say no. >>> coming up, this could be one of the dumbest votes the republicans have ever cast in the history of the senate. we'll talk about the big win and the emotional reaction from...
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but i'm guessing with the way the fiscal cliff negotiations are going the estimated $852 quadrillion dollars of funding needed for one alone just isn't in the cards. dog gone it. i'm going to sign up tonight. >>> can both parties reach an agreement ones fiscal cliff? 40% of you say yes, 60% say no. >>> coming up, this could be one of the dumbest votes the republicans have ever cast in the history of the senate. we'll talk about the big win and the emotional reaction from moderates. that's next. [ male announcer ] citi turns 200 this year. in that time there've been some good days. and some difficult ones. but, through it all, we've persevered, supporting some of the biggest ideas in modern history. so why should our anniversary matter to you? because for 200 years, we've been helping ideas move from ambition to achievement. and the next great idea could be yours. ♪ and the next great idea could be yours. customer erin swenson bought so, i'm happy. today. sales go up... i'm happy. it went out today... i'm happy. what if she's not home? (together) she won't be happy. use ups! she can
but i'm guessing with the way the fiscal cliff negotiations are going the estimated $852 quadrillion dollars of funding needed for one alone just isn't in the cards. dog gone it. i'm going to sign up tonight. >>> can both parties reach an agreement ones fiscal cliff? 40% of you say yes, 60% say no. >>> coming up, this could be one of the dumbest votes the republicans have ever cast in the history of the senate. we'll talk about the big win and the emotional reaction from...
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Dec 13, 2012
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the fiscal cliff negotiations come to a stand still as congress gets orders to start making budget cuts. we'll have tea party senator jim demint whether he sees a compromise coming. >>> the stars were shining brightly at madison square garden last night. we're taking you backstage at the big benefit for the victims of superstorm y.
the fiscal cliff negotiations come to a stand still as congress gets orders to start making budget cuts. we'll have tea party senator jim demint whether he sees a compromise coming. >>> the stars were shining brightly at madison square garden last night. we're taking you backstage at the big benefit for the victims of superstorm y.
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cliff negotiations. the mortgage interest deduction. government spending on this will reach $100 million by 2014, making it the third largest tax break on the books. who does it help? 41 million people. the most recent irs data showed that 41 million people claimed this deduction on their 2010 tax returns. the tax policy center says it tends to benefit upper middle class families the most. these bars show income in the circles the average savings. for those with incomes of less than $40,000 a year, their savings is $91, look at the people who make $250,000 and more. their average savings is about $5500. this benefits people most on both coasts and cities like chicago, with higher property prices, and we watch the fiscal cliff negotiations closely for what could happen next to this tax goody next year. >> here's the question i'm hearing people ask, if we go off the cliff here, how big a hit will we take on taxs? stand by, because i'm about to give you the closest answer i possibly can. to help me with tha
cliff negotiations. the mortgage interest deduction. government spending on this will reach $100 million by 2014, making it the third largest tax break on the books. who does it help? 41 million people. the most recent irs data showed that 41 million people claimed this deduction on their 2010 tax returns. the tax policy center says it tends to benefit upper middle class families the most. these bars show income in the circles the average savings. for those with incomes of less than $40,000 a...
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senator susan collins of maine tells sawyer that when it comes to the current on-going fiscal cliff negotiations, it would be better if the women were running the show. >> i think if we were in charge of the senate and of the administration, that we would have a budget deal by now. >> go, girl power! now that we're coming up at the end of the year, we're getting a chance to take a look at what set records and who should have set the record straight. first of all twitter has revealed the most retweeted tweet of the year. and it is this photo. if we could -- there you go. from the obama campaign. it popped up election night with the caption four more years. within hours, it not only became the top retweet of the year but the top retweet ever. people in more than 200 countries around the world shared the photo of the president hugging the first lady. and politifact.com says that the romney campaign has the dishonor of having the lie of the year! that would be president obama sold chrysler to italy which would then move u.s. jeep production to china. chrysler denied the claim. the media said it was
senator susan collins of maine tells sawyer that when it comes to the current on-going fiscal cliff negotiations, it would be better if the women were running the show. >> i think if we were in charge of the senate and of the administration, that we would have a budget deal by now. >> go, girl power! now that we're coming up at the end of the year, we're getting a chance to take a look at what set records and who should have set the record straight. first of all twitter has revealed...
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fiscal cliff negotiations. house speaker john boehner and the white house traded a second round of proposals yesterday on the budget cus that begin to take effect in january of 2013. this is nearly half an hour. >> good morning, everyone. i'm really proud to stand here today with the house republicans and my colleagues to tell a very important story and it's a story of hard working americans and their families. and let me tell you there's no story that is more powerful. the story of all americans, it's the story of moms an dads, husbands and wives, grandparents that work hard and sacrifice, so that they can leave a better america to their children and their grandchildren. and as the debate is looming over the fiscal cliff, we stand here to fight for those hard working americans and their families. because as the federal government grows larger and larger, the middle class is squeezed more and more. and as i -- i'm a mom. i have two kids. when my daughter was born two years ago, her share of the national debt wa
fiscal cliff negotiations. house speaker john boehner and the white house traded a second round of proposals yesterday on the budget cus that begin to take effect in january of 2013. this is nearly half an hour. >> good morning, everyone. i'm really proud to stand here today with the house republicans and my colleagues to tell a very important story and it's a story of hard working americans and their families. and let me tell you there's no story that is more powerful. the story of all...
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Dec 6, 2012
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eastern time. >>> in the latest in the fiscal cliff negotiations treasury secretary tim geithner not mincing words in his interview with steve liesman. there was tough talk that came out of this. i was surprised. >> i was, too. couple different interpretations from tim geithner that the white house would go over the cliff unless there's a tax hike on the wealthy, those making more than $250,000. here's the quote people are talking about. i want to understand the administration's position when it comes to raising taxing on the wealthy, those making more than $250,000. if republicans do not agree to that, is the administration prepared to go over the fiscal cliff in. >> absolutely. there's no prospect to an agreement that doesn't involve the rates going up on the top 2% of the wealthiest, remember it's only 2%. >> on the one hand senator orin hatch called "one of the most stunning and irresponsible statements" he's heard in some time. he says it will put jobs and people's paychecks and retirement at risk. what geithner was state the administration's existing position but just in harshe
eastern time. >>> in the latest in the fiscal cliff negotiations treasury secretary tim geithner not mincing words in his interview with steve liesman. there was tough talk that came out of this. i was surprised. >> i was, too. couple different interpretations from tim geithner that the white house would go over the cliff unless there's a tax hike on the wealthy, those making more than $250,000. here's the quote people are talking about. i want to understand the administration's...
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fiscal cliff negotiations underway here in washington, d.c. continuing and washington state and colorado celebrating the freedom to smoke pot legally. all of that coming up plus yesterday jim demint from south carolina announced he is resigning from the senate to take over as head of the heritage foundation. >> that's good news for the senate. get rid of that whacko tea partyer but bad news for the heritage foundation, which will now have a reputation as the most extreme of all of of our think tanks welt tell you ideal he is leaving and more. current news update, standing buy in los angeles lease a ferguson. hi, lease a. good morning. >> hey, bi. good morning, everyone. we are awaiting the jobs report this morning out in the next and we are expecting to hear 80,000 jobs created last month. >> that's less than half the jobs we saw in october, but economists are saying don't put too much weight on those numbers. the down turn in growth is likely thanks to hurricane sandy making it near impossible to tell whether hiring is getting better or worse
fiscal cliff negotiations underway here in washington, d.c. continuing and washington state and colorado celebrating the freedom to smoke pot legally. all of that coming up plus yesterday jim demint from south carolina announced he is resigning from the senate to take over as head of the heritage foundation. >> that's good news for the senate. get rid of that whacko tea partyer but bad news for the heritage foundation, which will now have a reputation as the most extreme of all of of our...
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fiscal cliff counteroffer. he says that republicans can't negotiate with themselves however the president has been very clear very publicly that the g.o.p. plan is definitely a no-go as is. crossroads gps part of the karl rove funded group of campaign super pacs is spending half a million dollars on a new ad campaign to push for a fiscal cliff deal that includes more spending cuts and fewer higher taxes. >> so far he says more taxes. >> the truth is the white house deal did propose some $600 billion in healthcare and spending cuts. finally, secretary of state ken says he will investigate the state's voting problems. the republican in florida told the state ethics and elections committee he will dispatch a special team to investigate the five florida counties that had especially-long lines. right after it he defended florida's voting mess saying he had no regrets. wewewewewewewewewewewewewewewewewewewewewewewewewewewewewewe on to me now? you know the the kind of guys that do reverse mortgage commercials? those t
fiscal cliff counteroffer. he says that republicans can't negotiate with themselves however the president has been very clear very publicly that the g.o.p. plan is definitely a no-go as is. crossroads gps part of the karl rove funded group of campaign super pacs is spending half a million dollars on a new ad campaign to push for a fiscal cliff deal that includes more spending cuts and fewer higher taxes. >> so far he says more taxes. >> the truth is the white house deal did propose...
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off the floor, negotiations continue on the fiscal cliff. this morning "washington journal" talk to a business representative about his take on the negotiations. host: let's begin with what is business forward, how did it come about? guest: is simple mission. our job is to make it easier for business leaders in the country who care about policy issues but did not have a washington office or a lobbyist, to speak about the issues of public policy. host: is this a brand-new organization? who is involved? >> we have been around 3 1/2 years, supported by some of the biggest companies of the world, with business leaders are in the country. we go out to small business owners, entrepreneurs, venture capitalist to get them involved in policy-making. what we do is we bring administration officials, members of congress, governors out to cities around the country to be briefings with business leaders. what we also do is bring the business leaders to washington. we tell them how to grow jobs and accelerate. host: what did the business leaders say to the
off the floor, negotiations continue on the fiscal cliff. this morning "washington journal" talk to a business representative about his take on the negotiations. host: let's begin with what is business forward, how did it come about? guest: is simple mission. our job is to make it easier for business leaders in the country who care about policy issues but did not have a washington office or a lobbyist, to speak about the issues of public policy. host: is this a brand-new organization?...
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how did we get to the fiscal cliff, it's not only the tax increase from the affordable care act that started january 1st, it happened in the last lame duck punted into this one and the last summer budget negotiation punted into this one. we'll get real cuts equal to what we're doing in debt ceiling increase and if we want to resolve that the best time is right now because we have another debt ceiling increase coming. >> you've told "the new york times" you think your party is boxed in. i want to read from "washington times" "republican leaders struggled tuesday to contain the backlash from conservatives of the gop's offer of $800 billion in tax increases to head off the fiscal cliff, a move that didn't impress the white house even as it spawned a rebellion on the right." so are republicans going to have to give on raising rates? >> no. we're not, because where the president is focused in on is the affordable care act taxes they increase january the 1st on people making $200,000 or more. the president wants a rate increase coming in january on people making $200,000 or more and go int
how did we get to the fiscal cliff, it's not only the tax increase from the affordable care act that started january 1st, it happened in the last lame duck punted into this one and the last summer budget negotiation punted into this one. we'll get real cuts equal to what we're doing in debt ceiling increase and if we want to resolve that the best time is right now because we have another debt ceiling increase coming. >> you've told "the new york times" you think your party is...
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avert the fiscal cliff and using public pressure to try and sway the outcome. exhibit a, the president rallied the crowd on monday in michigan to make the point he's looking to drive home. taxes have to go up on the rich. >> so when you put it all together what you need is a packet that keeps taxes where they are for middle class families. we make some tough spending cuts on things that we don't need, and then we ask the wealthiest americans to pay a slightly higher tax rate. >> but here's exhibit b. republicans still have the majority in the house. and many conservatives say they have their own mandate in their districts to cut spending and stop the president from raising taxes. and that brings us to exhibit c republicans are determined to play the long game to win. >> the game you're playing is small ball. you're talking about raising rates on the top 2% that have run the government for 11 days. you just got re-elected. how about doing something big that's not liberal, how about doing something big that really is about partisan. every big idea he has is a lib
avert the fiscal cliff and using public pressure to try and sway the outcome. exhibit a, the president rallied the crowd on monday in michigan to make the point he's looking to drive home. taxes have to go up on the rich. >> so when you put it all together what you need is a packet that keeps taxes where they are for middle class families. we make some tough spending cuts on things that we don't need, and then we ask the wealthiest americans to pay a slightly higher tax rate. >> but...
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cliff negotiations which are ongoing. republican senators have spoken to people in the white house today. this is no serious way to negotiate out here on the senate floor. at the end, the republican leader is complaining because president obama wants the rich to pay their fair share. and as usual, republicans are defending the rich, holding tax cuts for middle class hostage. at the first of the year, unless we work something out, the taxes will go up for people making less than $250,000 a year, an average of $2,200 each -- not per family -- each person. the senate has already passed the centerpiece of president obama's offer. and his offer has always been the same. we are not going to go through the same thing we've gone through here for years where we lay out different ways to cut spending, and there's never any revenue. the president has made it very, very clear. we have already passed the president's proposal. that is to make sure that people making less than $250,000 a year are not burdened with $2,200 each after the
cliff negotiations which are ongoing. republican senators have spoken to people in the white house today. this is no serious way to negotiate out here on the senate floor. at the end, the republican leader is complaining because president obama wants the rich to pay their fair share. and as usual, republicans are defending the rich, holding tax cuts for middle class hostage. at the first of the year, unless we work something out, the taxes will go up for people making less than $250,000 a year,...
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at the end of the year, we would still go over the fiscal cliff. remember, the bush tax cuts are one of the at least stimulative policies in the negotiations. according to the economic policy institute, extending the middle class tax cuts would wipe out only about 11% of the austerity's economic impact. 11%. but all that other stuff, the payroll tax cut, the unemployment insurance, the sequester, all that, that would still be expiring. so come early next year, the economy would likely be entering an austerity-induced recession. markets would be convulsing as they realize our austerity crisis is about to become also a default crisis. and so the economy, as a whole, is going to be going nuts. poll after poll already shows republicans are receiving more blame for the potential failure of the debt talks. and after telling the press they're going to make a strategic decision to use a debt ceiling as more and more dangerous leverage, they're likely going to get blamed for that, too. and that will be much worse in the polls. republicans may believe the wh
at the end of the year, we would still go over the fiscal cliff. remember, the bush tax cuts are one of the at least stimulative policies in the negotiations. according to the economic policy institute, extending the middle class tax cuts would wipe out only about 11% of the austerity's economic impact. 11%. but all that other stuff, the payroll tax cut, the unemployment insurance, the sequester, all that, that would still be expiring. so come early next year, the economy would likely be...
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this is a game of chicken, which i think is designed to go over the fiscal cliff, and pin the blame on the republicans, i understand why the president is doing it for political reasons but i don't think that the republicans have to surrender themselves in this game of chicken. lou: it seems the ultimatum, raise taxes on top 2%, why not let him eat to, it is his decision, go for it, if you don't want a mature, and intelligence, and responsible negotiation, you do not know who you are dealing with, it is called a constitutional body of government. >> it is john's right, this is politics, hard and fast, 1995 all over again, stakes are high and and president wants house back, pin the blame on the republicans make them look like right wing lunatics and grab the chips, they are in a no-win position. lou: we'll be back, marianne has to weigh in and a bunch more as we continue with the a team stay with us. ♪ ♪ [ male announcer ] they are a glowing example of what it means to be the best. and at this special time of year, they shine even brighter. come to the winter event and get the merced
this is a game of chicken, which i think is designed to go over the fiscal cliff, and pin the blame on the republicans, i understand why the president is doing it for political reasons but i don't think that the republicans have to surrender themselves in this game of chicken. lou: it seems the ultimatum, raise taxes on top 2%, why not let him eat to, it is his decision, go for it, if you don't want a mature, and intelligence, and responsible negotiation, you do not know who you are dealing...
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even if we get through this fiscal cliff thing, you know, the first quarter of next year we're probably going to hit the debt ceiling again. you know what they're going to do there. they're going to find another solution and probably run some more money up. well, you're watering things down. there's really -- in my estimation, there's only one way for gold to go. that's up. i don't think we're in a bubble. wro who knows. >> todd hoffman, in i'm ever in portland, i'll buy you a voodoo donut together and we can bicycle around portland. >> let's do it. hand in hand. >> there you go. take care, buddy. thanks for joining us. short break. we're back after this. [ male announcer ] this december, remember -- you can stay in and share something... ♪ ♪ ...or you can get out there with your friends and actually share something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. [ male announcer ] this is amy. amy likes to invest in the market. she also likes to ride her bike. she knows the potential for making
even if we get through this fiscal cliff thing, you know, the first quarter of next year we're probably going to hit the debt ceiling again. you know what they're going to do there. they're going to find another solution and probably run some more money up. well, you're watering things down. there's really -- in my estimation, there's only one way for gold to go. that's up. i don't think we're in a bubble. wro who knows. >> todd hoffman, in i'm ever in portland, i'll buy you a voodoo...
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bill: negotiations on that fiscal cliff and his first one-on-one television interview since reelection president obama says he will only agree to a deal that raises tax rates on top earners. >> we are not going to simply cut our way to prosperity or cut our way out of this deficit problem. we are going to need more revenues. in order to do that that start with higher rates for the folk at the top. the reasonien, the reason i say that is not to punish success or go after folk just because they are wealthy. it's a simple proposition that you can't raise enough revenue and if you don't raise enough revenue through closing loopholes abductions, it's going to be middle class families that make up the difference. bill: john boehner will speak later this hour. we'll see how he responds to that comment. if washington can't get a deep, automatic tax increases and massive spending cuts do take effect. martha: west virginia senator joe manchin, a democrat discussing the fiscal cliff, social security within medicare. he believes they must be run more efficiently. >> last year the office of budget
bill: negotiations on that fiscal cliff and his first one-on-one television interview since reelection president obama says he will only agree to a deal that raises tax rates on top earners. >> we are not going to simply cut our way to prosperity or cut our way out of this deficit problem. we are going to need more revenues. in order to do that that start with higher rates for the folk at the top. the reasonien, the reason i say that is not to punish success or go after folk just because...
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cliff rather than just sit down and negotiate with republicans at the table and make no mistake this is far from some obscure conspiracy theory. this is becoming the frightening political reality for the entire country. what you're seeing now is a man who thinks he has free reign. watching someone who believes he was re-elected with a mandate to do whatever he pleases. he's ignoring the fact that a republican majority remains in the u.s. house of representatives and a majority that was sent there to cut spending and oppose his tax hikes. >> they were sent there because of gerrymandering. >> stephanie: a million more people voted for democrats for the house. wow! i bet you said all of the exact same things when george bush won, right? >> chat room wonder ifs sean hannity can please plummet off a cliff. >> computer says no. >> stephanie: he bounces like a bumble. grover norquist on msnbc. >> now he gets re-elected with less strength, not against a war hero but against a guy from massachusetts and the republicans have the house and he thinks somebody made him king and he's going to have
cliff rather than just sit down and negotiate with republicans at the table and make no mistake this is far from some obscure conspiracy theory. this is becoming the frightening political reality for the entire country. what you're seeing now is a man who thinks he has free reign. watching someone who believes he was re-elected with a mandate to do whatever he pleases. he's ignoring the fact that a republican majority remains in the u.s. house of representatives and a majority that was sent...
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this is all good news as the president continues to negotiate to stop us from going over the fiscal cliff. vice president biden picks up the road show today. he is having lunch with some people but where and exactly with whom has yet to be made public. it has gotten more than a hundred thousand stories from people talking about how the tax incries would affect their families. there is a second round of advertisements today pushing lawmakers to not just make a deal, but to make a deal that protects social benefit programs. >> if the politicians in washington negotiate a bad deal on the bucket and deficit, what do you think will happen to medicare and medicaid benefits. >> it stars two senator and two republican reps. cnn reports the labor unions are spending more than a half of million dollars on this round of spots. we're back with more steph after the break. stay with us. ♪ going to do the young turks. i think the number one thing that viewers like about the young turks is that we're honest. they know that i'm not bs'ing them with some hidden agenda, actually supporting one party or th
this is all good news as the president continues to negotiate to stop us from going over the fiscal cliff. vice president biden picks up the road show today. he is having lunch with some people but where and exactly with whom has yet to be made public. it has gotten more than a hundred thousand stories from people talking about how the tax incries would affect their families. there is a second round of advertisements today pushing lawmakers to not just make a deal, but to make a deal that...
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the white house is preparing for the worst if negotiations fail to avoid the fiscal cliff. >> one possibility in all of this, simply no agreement. the impact on the government and every single american taxpayer. it's thursday, december 6th. >> announcer: from abc news, this is "world news now." >>> good thursday morning. >> morning. >> i'm paula faris. we did establish morning is spelled m-e-r-n-i-n-g. >> m-e-r-n-i-n-g. nicely done. >> "merning," everybody. >> i'm rob nelson. we'll get to the discouraging situation on the fiscal cliff in just a moment. and we do have even a visual this morning. >> not yet. >> going to wait for it? very high tech. >> so high tech. working on this prop all day. all morning. >> weeks of planning. >>> we also have a major development in the case of software mogul john mcafee he was actually arrested last night. and this morning, police are taking more action after he tried to seek asylum in guatemala. a strange story gets even stranger. again he is now under arrest. >> bizarre to the nth degree there. >> yeah. >>> also this morning -- weeding through all the deta
the white house is preparing for the worst if negotiations fail to avoid the fiscal cliff. >> one possibility in all of this, simply no agreement. the impact on the government and every single american taxpayer. it's thursday, december 6th. >> announcer: from abc news, this is "world news now." >>> good thursday morning. >> morning. >> i'm paula faris. we did establish morning is spelled m-e-r-n-i-n-g. >> m-e-r-n-i-n-g. nicely done. >>...
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between the president and congress as we face the fiscal cliff. he said at one point that the president is calling for raising taxes $1.6 billion. that's true. but i would call to his attention the fact that the simpson-bowles commission suggested that 40% of the $4 trillion in deficit reduction come from revenue in taxes. what the president is suggesting is entirely consistent with that bipartisan group's call for more revenue in taxes as part of our deficit reduction. the president's made it clear, though, he wants to protect and insulate middle-income families from any income tax increases, and i agree with him. we should not raise the income taxes on those making less than $250,000 a year. i voted that way in july. we sent the bill to the house. it sits there. it languishes in the house because the speaker won't call it. he has his chance this week or the next to call that bill on the floor of the house of representatives to avoid any tax increase on middle-income families. that's an important thing for us to get done before we leave at the en
between the president and congress as we face the fiscal cliff. he said at one point that the president is calling for raising taxes $1.6 billion. that's true. but i would call to his attention the fact that the simpson-bowles commission suggested that 40% of the $4 trillion in deficit reduction come from revenue in taxes. what the president is suggesting is entirely consistent with that bipartisan group's call for more revenue in taxes as part of our deficit reduction. the president's made it...
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cliff talk. what surprised us off the record behind the scenes, democrats and republicans agree they should be doing a lot more than they're talking about as part of the current negotiations. they said if you did more on tax reform and particularly on the corporate side and more on social security as far as limiting the growth of that program, more on medicare, if you did something to exploit this oil and gas boom that we're seeing in north dakota, texas and across the country, if you did more to get high skilled immigrants into town, you could not only have an economic recovery but an economic boom. there's a lot of agreement off the record on this, but that politicians on both sides are scared to go out there and be the first to say, hey, let's do these big things that could have an appreciable effect on the economy. >> steve, do you agree with that assessment? what are the big things that need to be done? >> i totally agree. the thing that's depressing about the fiscal cliff plan, we will chan
cliff talk. what surprised us off the record behind the scenes, democrats and republicans agree they should be doing a lot more than they're talking about as part of the current negotiations. they said if you did more on tax reform and particularly on the corporate side and more on social security as far as limiting the growth of that program, more on medicare, if you did something to exploit this oil and gas boom that we're seeing in north dakota, texas and across the country, if you did more...
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. >> all of you negotiators who are now negotiating on this so-called fiscal cliff and stuff. keep your hands off medicare and keep your hands off medicaid. >> stephanie: that's what i was just saying in the article on the hill. it warms the cockles of my liberal heart. >> you almost said cobbles. >> stephanie: i wonder if he says -- >> roger hedge corn. >> stephanie: senator jay rockefeller echoed the thoughts. >> we're not budging on medicare or medicaid. >> stephanie: hooray! here's other good news. [ ♪ "world news tonight" ♪ ] dozens of republicans open to bucking the norquist pledge. for all of the talk of his ironclad grip on the g.o.p., a large and growing numbers say they have renounced his pledge. i love the stories and they talk about what would be acceptable to grover or not or -- who cares! who is this guy? >> i'll call. >> poopy head. >> stephanie: until a final deal emerged tough to predict his response. who cares! >> what power does he have? >> stephanie: there goes the norquist. senator mitch yesterday. >> i think it is going to be extremely difficult to ge
. >> all of you negotiators who are now negotiating on this so-called fiscal cliff and stuff. keep your hands off medicare and keep your hands off medicaid. >> stephanie: that's what i was just saying in the article on the hill. it warms the cockles of my liberal heart. >> you almost said cobbles. >> stephanie: i wonder if he says -- >> roger hedge corn. >> stephanie: senator jay rockefeller echoed the thoughts. >> we're not budging on medicare or...